健康160国际有限公司160 Health International Limited02656.HK
往绩记录期间录得净负债及净流动负债
Nevertheless, our net liabilities and net current liabilities increased as of December 31, 2024 and March 31, 2025, primarily due to the rise in short-term borrowings to support our business expansion.
Business · 第 382 页
Our net current liabilities increased from RMB47.5 million as of December 31, 2023 to RMB97.7 million as of December 31, 2024, mainly due to (i) an increase of borrowings of RMB79.9 million as we obtained new short-term borrowings of RMB88.9 million in 2024, (ii) an increase of accruals and other payables of RMB28.4 million in relation to payroll and welfare payable and payables to physicians and medical and healthcare institutions.
Financial Information · 第 496 页
Despite recording net losses, net operating cash outflow, net current liabilities and net liabilities during the Track Record Period, our Directors are of the view that we have sufficient working capital to meet our present requirements and for at least the next 12 months from the date of this prospectus, taking into account the cash generated from our operating activities, secured credit facilities, investments received from our Pre-IPO Investors, and the estimated net proceeds from this Global Offering.
佳鑫国际资源投资有限公司Jiaxin International Resources Investment Limited03858.HK
2022、2024年及2025年6月底均录得净流动负债
As of December 31, 2022, December 31, 2024 and June 30, 2025, we had net current liabilities of HK$117.2 million and HK$268.9 million and HK$442.9 million, respectively.
Financial Information · 第 430 页
Our net current liabilities positions were primarily due to the significant development and construction costs we incurred in relation to the Boguty Project, and certain portion of our borrowings was maturing in short term.
Financial Information · 第 430 页
Going forward, we expect to improve our liquidity position through (i) the net proceeds from the Global Offering; (ii) cash generated from operations; and (iii) unutilized bank facilities.
Our net current liabilities decreased from RMB128.7 million as of December 31, 2022 to RMB2.2 million as of December 31, 2023, as we introduced external financing investors, which increased net current assets, partially offset by our procurement of medical equipment and losses due to operation during the same year.
Financial Information · 第 535 页
We recorded net current liabilities of RMB23.8 million as of December 31, 2024.
Financial Information · 第 567 页
After due and careful enquiry and taking into account the financial resources available to us, including cash flow from operating activities, available banking and other facilities and the estimated net proceeds from the Global Offering, our Directors are of the view, that we have sufficient working capital to meet our present requirements and for the next 12 months from the date of this prospectus.
We recorded net current liabilities in 2022, 2023 and 2024, mainly because we utilized significant portions of cash generated from our operations to expand our restaurant network.
Financial Information · 第 308 页
We recorded net current liabilities of RMB300.6 million as of December 31, 2023 as compared to net current liabilities of RMB88.3 million as of December 31, 2022, primarily due to (i) the dividend payable we recorded relating to the dividend to our existing Shareholders our Board declared in May 2023 and (ii) an increase in trade and other payables which was caused by the increase in the number of our restaurants in operation in 2023.
Financial Information · 第 308 页
Taking into consideration the financial resources presently available to us, including cash on hand and cash at banks, the available banking facilities, expected cash generated from our operations and the estimated net proceeds from the Global Offering, our Directors are of the view that we have sufficient working capital for our present working capital requirements for at least the next 12 months from the date of this prospectus.
As of December 31, 2023, we had net current liabilities of RMB9.9 million, primarily due to (i) trade and other payables of RMB240.7 million, representing an increase of RMB79.0 million compared to RMB161.7 million as of December 31, 2022, (ii) loans and borrowings of RMB31.2 million, representing an increase of RMB22.1 million compared to RMB9.1 million as of December 31, 2022, and (iii) lease liabilities of RMB29.0 million, representing an increase of RMB5.3 million compared to RMB23.7 million as of December 31, 2022; partially offset by (iv) inventories of RMB242.8 million, representing an increase of RMB87.2 million compared to RMB155.6 million as of December 31, 2022, and (v) trade and other receivables of RMB46.1 million, representing an increase of RMB0.8 million compared to RMB45.3 million as of December 31, 2022.
Financial Information · 第 347 页
Before the Reorganization, we recorded a cash outflow in financing activities from deemed distribution of RMB138.2 million for the year ended December 31, 2023.
Financial Information · 第 347 页
Elimination of this outflow is expected to strengthen our position to reduce net current liabilities over time.
We recorded net current liabilities of approximately HK$11.7 million as at 31 December 2021 and net current assets of approximately HK$6.7 million and HK$9.8 million as at 31 December 2022 and 31 December 2023, respectively.
Financial Information · 第 371 页
Our net current liabilities position as at 31 December 2021 was partly because we have used short-term bank loans and other borrowings to finance our capital expenditure and in particular, HK$12.6 million of bank borrowings would be practically repaid over one year after 31 December 2021, based on the repayment schedule and has been classified as current liabilities as they had a repayment on demand clause.
Financial Information · 第 372 页
Our Directors are of the opinion that, and the Sponsor concurs that, taking into consideration our Group’s financial resources presently available to us, including (i) anticipated cash flow from our operating activities; (ii) existing bank balances and cash of approximately HK$1.1 million as at 31 December 2023; (iii) the unutilised banking facilities of approximately HK$18.4 million as at 31 December 2023; (iv) the conditional interim dividend of HK$19.3 million declared on 31 March 2022 and 15 March 2024 respectively which is expected to be distributed after Listing; and (v) the estimated net proceeds from the Share Offer, our Group has sufficient working capital for its present requirements, for at least the next 12 months from the date of this prospectus.
Moreover, we expect to return to or become consolidated net asset position upon the Listing.
Business · 第 220 页
For relevant risks, see “Risk Factors — Risks Related to Our Business and Industry — We recorded net current liabilities and net liabilities.”
Business · 第 220 页
Our Directors are of the view, and the Joint Sponsors concur, that taking into account our available resources including cash and cash equivalents on hand and the net estimated proceeds from the Global Offering, we have sufficient working capital for our present requirements and for the next 12 months from the date of this document.
Despite the net losses, cash outflow from operating activities, net current liabilities we recorded during the Track Record Period, our Directors believe that our business is sustainable and we will be able to generate sufficient working capital to operate our business in a sustainable manner based on (i) the expected increase of sales revenue to be generated from our confirmed orders and project pipelines in development; (ii) our price adjustment mechanism with customers in response to fluctuations in raw material prices and therefore expected improvement in gross margin; (iii) strengthened cost control; and (iv) the strong liquidity and capital resources we maintained during the Track Record Period.
Business · 第 298 页
In particular, as of October 31, 2023, we had unutilized banking facilities of RMB13,420.5 million. We also recorded net current assets of RMB3,056.8 million as of June 30, 2023.
Business · 第 298 页
Taking into account the net proceeds from the Global Offering and banking facilities available to us, our Directors believe that we have sufficient working capital to meet our present and future cash requirements for at least the next 12 months from the date of publication of this prospectus.
We recorded net current liabilities of RMB2,683.8 million as at 31 May 2023, primarily due to the decrease in the valuation of our biological assets, which was caused by low pig and poultry prices as at 31 May 2023.
Summary · 第 26 页
We had net current assets of RMB1,828.8 million, net current liabilities of RMB258.2 million, net current assets of RMB130.2 million, net current liabilities of RMB2,683.8 million and net current liabilities of RMB1,719.7 million as at 31 December 2020, 2021, and 2022, 31 May 2023 and 30 September 2023, respectively.
Financial Information · 第 382 页
However, we believe we can mitigate the negative impact of having recorded net current liabilities on our business by implementing measures such as focusing on adjusting our financing structure by replacing short-term borrowings with long-term borrowings to the extent possible and utilising other financial resources available to us, including the net proceeds from the Global Offering, our current cash and cash equivalents and our net cash flows from operating activities, to lower our current liabilities by reducing current borrowings from banks and other financial institutions repayable within one year.
绿源集团控股(开曼)有限公司Luyuan Group Holding (Cayman) Limited02451.HK
2020至2022年末录得净流动负债
We recorded net current liabilities of RMB81.4 million, RMB234.2 million and RMB17.2 million as of December 31, 2020, 2021 and 2022, mainly due to the bank loans for the expansion of our production capabilities, including the construction of our Guangxi Plant and our new factory in Zhejiang Plant.
Financial Information · 第 372 页
To improve our net current liabilities position and ensure working capital sufficiency, we have negotiated with banks to obtain medium or long-term loans to replace our short-term loans, which primarily resulted in our net current liabilities during the Track Record Period.
Financial Information · 第 372 页
Taking into account the estimated net proceeds from the Global Offering and the financial resources presently available to us, including our cash and cash equivalents, cash flows from operating activities and our available bank loans and banking facilities, our Directors are of the opinion, and the Sole Sponsor concurs, that we have sufficient funds to meet our working capital requirements for at least the next 12 months from the date of this prospectus.
In addition, in view of our net cash outflows, net liabilities position and net losses during the Track Record Period, we plan to ensure our working capital sufficiency by taking advantage of abovementioned measures to narrow down our net loss and improve our profitability.
Summary · 第 8 页
Further, as evidenced by our historical equity financing activities, we are able to obtain investment from well-known institutions.
Although we recorded significant net current liabilities during the Track Record Period, our Directors are of the view that we have sufficient working capital to cover at least 125% of our costs, including research and development expenses and administrative expenses (including any production costs), for at least the next 12 months from the date of this prospectus, primarily for the reasons set out below:
Financial Information · 第 529 页
Primarily as a result of this debt-to-equity swap, our net current liabilities decreased to RMB947.9 million as of April 30, 2023.
Financial Information · 第 529 页
As of April 30, 2023, we recorded RMB1,952.3 million in financial instruments issued to investors, which were attributable to the shares with preferential rights we issued to the Pre-IPO Investors and contributed to our net current liability position historically.
The intangible assets were excluded in the calculation of our Group's unaudited pro forma adjusted consolidated tangible financial information, resulting in the unaudited pro forma adjusted consolidated net tangible liabilities of our Group attributable to owners of our Company per Share.
Summary · 第 9 页
Our Directors confirm that, taking into account our current cash and cash equivalents, anticipated cash flows from operations, proceeds from the Global Offering and banking/credit facilities available to us, as well as the mitigating factors to our net current liabilities as discussed above, we will have available sufficient working capital for our present requirements that is for at least the next 12 months from the date of this prospectus.
Financial Information · 第 553 页
Therefore, we believe that our operating income generated from our business operations will remain stable. Accordingly, we anticipate that net cash generated from operating activities will remain stable going forward.
We had net current liabilities of RMB2,145.1 million, RMB814.7 million and RMB760.0 million as of December 31, 2020, 2021, and 2022.
Financial Information · 第 318 页
We expect to receive net proceeds from the Global Offering of approximately HK$93.8 million, based on the low end of the indicative Offer Price range set out in this document.
Financial Information · 第 319 页
Taking into account the financial resources available to us, including our cash and cash equivalents, available borrowings, as well as estimated net proceeds from the Global Offering, our Directors are of the view that we have sufficient working capital required for its operations at present and for at least the next 12 months from the date of this prospectus.
During the Track Record Period, we recorded net current liabilities of RMB202.5 million, RMB65.0 million and RMB106.7 million as of December 31, 2020, 2021 and 2022, respectively.
Summary · 第 15 页
Notwithstanding the above, our Directors are of the view that we will have available sufficient working capital to meet our present requirements and for at least the next twelve months from the date of this document, taking into account cash on hand and cash at banks, cash generated from operating activities, standby line of credit and the estimated net proceeds we expect to receive from the Global Offering.
Summary · 第 16 页
As of December 31, 2020, 2021 and 2022, we recorded net current liabilities of RMB202.5 million, RMB65.0 million and RMB106.7 million, respectively.
Our net current liabilities decreased by 8.4% to RMB120.3 million as of December 31, 2020 from RMB131.4 million as of December 31, 2019, primarily due to (i) the increase of RMB271.0 million in financial assets at fair value through profit or loss, and (ii) the increase in prepayments and other receivables of RMB56.8 million, partially offset by (i) an increase of RMB81.6 million in accrued expenses and other current liabilities, and (ii) an increase of RMB219.7 million in contract liabilities, resulting from an increase in gross billing from online high-end investor education services.
Financial Information · 第 406 页
Our net current liabilities decreased by 7.8% to RMB110.9 million as of December 31, 2021 from RMB120.3 million as of December 31, 2020, primarily due to (i) an increase of RMB403.0 million in financial assets at fair value through profit or loss and (ii) an increase of RMB81.9 million in prepayments and other receivables, partially offset by (i) an increase of RMB320.4 million in contract liabilities, (ii) an increase of RMB73.6 million in accrued expenses and other current liabilities, and (iii) an increase of RMB62.7 million in income tax payable.
Financial Information · 第 406 页
We recorded net current assets of RMB287.5 million as of October 31, 2022 as compared to net current liabilities of RMB110.9 million as of December 31, 2021, primarily due to (i) an increase of RMB9.1 million in financial assets at fair value through profit or loss, (ii) a decrease of RMB208.6 million in contract liabilities and (iii) a decrease of RMB166.1 million in accrued expenses and other current liabilities, partially offset by a decrease of RMB48.9 million in prepayments and other receivables.